Steem experiment: Burn post #127

The @burnpost initiative has steady gained support and is currently systematically receiving rewards of concerning $500-$600 (displayed post value) per day. thanks to all or any of the supporters World Health Organization have created this attainable.

We have often sold-out all of the reward SBD on the inner marketplace for STEEM, serving to to exert downward worth pressure on SBD toward the $1 peg (along with upward worth pressure on STEEM), and have high-powered up a complete of concerning 11000 SP (currently value concerning $33000). This stash of powered-up SP is supporting downvote-only initiatives to assist counter the foremost harmful abuse (at least in terms of blockchain cost) high volume self-rewarded spam.

Finally this has helped 'drain the swamp' by guiding rewards aloof from the vote-buying, bid bots, circle jerks, and alternative wasteful nonsense that's progressively commencing to dominate the platform, and instead toward goals that ar clearly of profit to all or any stakeholders and so the complete platform: selected shopping for and burning to extend the value of STEEM; increasing the STEEM market cap; harnessing voluntary vote support and economic process to enhance the performance (even if solely marginally thus far) of the SBD peg, creating it additional helpful and reducing the imbalances (such as negligible curation rewards) caused by overvalued SBD; and eventually serving to to prevent spammers and similar types of clear abuse.

As a reminder, once SBD declines back to $1 or below, the STEEM received by @burnpost (including all post rewards that have thus far been high-powered up) are going to be high-powered down and/or burned by causation to @null. None of the coins received by @burnpost can ever be sold-out or otherwise distributed. they're irrevocably selected for burning.

If @burnpost rewards stay systematically on top of $500 (displayed) every, i'll before long expand the initiative to create one post per twelve hours rather than one post per twenty four hours. Supporters ar welcome to support one, both, or neither of those posts (all votes ar welcome and appreciated), however by making 2 posts this enables those stakeholders World Health Organization want to take favor of the @burnpost goals to optionally increase their current rate of support.

The existing rules and procedures stay in impact as represented within the previous post.

All rewards from this post are going to be sent to @burnpost as a donation which can then be listed from SBD to STEEM, powered up, and/or burned in accordance with the standard @burnpost rules. that has SP which can be directly sent within the style of STEEM from my very own account.